Day Spa Opening/ 630 scores,Ethical Borrower
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,400.00 | Status: | Expired |
| Grade: | HR | DTI: | 8% |
| Lender Rate: | 35% | Borrower: | Fehu |
| Finished | State: | UT | |
| Funded: | 0% | Group: | (No Group) |
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Get a GREAT return on your money. I pay my bills on time. ?Respect for self; Respect for others; and Responsibility for all your actions." Purpose of loan: This loan will be used to finish electrical upgrades to Open my Day Spa. I have all the equipment paid for in cash. All renovations on commercial space paid and in progress. It is an older building and I need another 3,400 for electricians to upgrade all the wiring in the building space and attach a 200 amp service on the back of the building. This is a city requirement. I have exhausted my savings with all the equipment and construction. http://www.outbackisland.com My financial situation: I am a good candidate for this loan because? I am a responsible business woman with 30 yrs. of successful business experience. I have a great job I have been at for 8 years with a good income. I pay my bills on time. My Credit scored are 632 and going up. I will also be getting an additional sum in Feb. for Military retirement pay. I am stable, ethical and will use my successes to re invest in prosper. I am not sure why I am listed here as HR as my credit scores do not reflect that. They are 620's. The only blurb on my past credit is the bankruptcy in 2007 to get rid of my ex husbands exhorbitant debt. I could not repair my credit without it. Investment Return: The Day spa will gross ( on a bad yr. ) 335,000 for 2008 ( soon as I get the doors open) and net 260K. This will allow for expansion and marketing growth. I am on my way to financial freedom and have worked hard to get here. I pay my debts on time and hope there are prosper lenders that will have enough insight to lend me what I need. Monthly net income: $ 4,860 Monthly expenses: Housing: $ 850 Insurance: $ 100 Car expenses: $ NONE Car paid in full Utilities: $ 200 Phone, cable, internet: $ 150 Food, entertainment: $ 300 Clothing, household expenses $ 20 Credit cards and other loans: $ 200 Other expenses: $ no other expenses except the business and it will pay for itself. right now it is costing 2K on rent when the doors are not open. Questions & Answers I have saved another 1K from two payperiods so requesting lower amount on the loan. Q: The difference between you stated income and expenses is ~$3000/month. Seems odd that if that were the case you would need to borrow $4800. What happened to that extra $3000 from last month and this month? That?s $4,800 right there. -mcsquared A: True. I am also paying rent and utilities on the building come to about 2,000 month that I am already paying and everything extra went to buy equipment and do construction. I wanted to open with no debt. The Electrical upgrade was Totally Unexpected. Otherwise I would have been open already. I think if I open only owing 4,800 that?s a good beginning. but every month I am not open it is costing me money. Hope that answered your question. Thanks (Jan-10-2008) 1 question & answer |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 258291 | Day Spa Opening / All equipment Paid Just 6K needed to open | HR | $6,000 @ 25% | Dec 31, 2007 | Withdrawn |
| 259428 | Day Spa Opening/ need only 6K more for electrical on bldg. | HR | $6,500 @ 35% | Jan 03, 2008 | Withdrawn |
| 260365 | Day Spa Opening/ need only 6K more for electrical on bldg. | HR | $4,800 @ 35% | Jan 05, 2008 | Withdrawn |
| 260366 | Day Spa Opening/ need only 4K more for electrical on bldg. | HR | $4,800 @ 35% | Jan 05, 2008 | Expired |
| 265748 | Day Spa Opening/ Responsible Ethical Borrower 2nd listing | HR | $4,800 @ 35% | Jan 15, 2008 | Expired |
| 350040 | Paying off 1 at a time | HR | $1,800 @ 35% | Jun 13, 2008 | Withdrawn |
| 354134 | Obstacles are frightful when your eyes are off the goal | HR | $1,800 @ 35% | Jun 20, 2008 | Expired |
| 358523 | Obstacles are frightful when your eyes are off the goal | HR | $1,800 @ 28% | Jun 27, 2008 | Loan created |
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